Angi (NASDAQ:ANGI) Issues Earnings Results

Angi (NASDAQ:ANGI) posted its quarterly earnings results on Tuesday. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.21), FiscalAI reports. The business had revenue of $240.77 million during the quarter, compared to analysts’ expectations of $245.58 million. Angi had a net margin of 3.34% and a return on equity of 3.44%.

Angi Price Performance

Shares of Angi stock traded up $0.27 during trading on Tuesday, hitting $11.96. The stock had a trading volume of 1,448,208 shares, compared to its average volume of 824,146. The business has a fifty day moving average of $12.79 and a two-hundred day moving average of $14.37. The firm has a market cap of $516.07 million, a P/E ratio of 15.74 and a beta of 1.73. Angi has a fifty-two week low of $10.25 and a fifty-two week high of $20.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.89 and a quick ratio of 1.89.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ANGI shares. UBS Group dropped their price objective on Angi from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, November 10th. KeyCorp reissued an “overweight” rating and set a $17.00 target price on shares of Angi in a research report on Thursday, January 8th. Royal Bank Of Canada dropped their price objective on Angi from $20.00 to $18.00 and set a “sector perform” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a report on Monday, December 29th. Finally, Zacks Research raised shares of Angi from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.75.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.